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Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

Nigeria most expensive for upstream projects – NNPC chief

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects.
Nigerian National Petroleum Corporation (NNPC)

House of Reps hails NNPC’s strides in transparency

The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability.

House of Reps demands details of NNPC expenditure, JV cash calls, others

The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline maintenance, rehabilitation of refineries, among others.
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation and CNL (the NNPC-CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director.

Chevron Nigeria gets new chief Rick Kennedy

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank releases framework for financing of mass metering

The Central Bank of Nigeria (CBN) has released its framework for the National Mass Metering Programme (NMMP).
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

No plans to Scrap NNPC in the PIB – minister

The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Mele Kyari: Non-passage of PIB fuelling uncertainty in the oil, gas industry

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari on Tuesday, said the delay in the passage of the Petroleum Industry Bill (PIB) is fuelling uncertainty in the oil and gas industry.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC boss decries wobbly Nigerian fiscal regime

Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.

DPR generates N742.4 billion revenue in eight months

The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from January to August 2020.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR generates N742.4 billion revenue in 8 months

The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from January to August 2020.
Edwin Kiagbodo Clark

Southern, Middle-Belt leaders’ forum rejects water resources bill

The Southern and Middle Belt Leaders Forum, has accused the Federal Government of clandestine moves to revive the rejected Water Resources Bill, warning that such agenda would be inimical to the growth and development of the country.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

Report: NPDC owed N2.9 trillion, records $5 billion overdue taxes, others

The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, is yet to recover N2.9 trillion debts owed it as at the end of 2018, according to a report published by a research and data analytics firm, Dataphyte Nigeria.
Governor Samuel Ortom of Benue State has described the National Water Resources Bill as another Ruga aimed at creating grazing areas for herdsmen along shorelines.

Governor Ortom: Water resources bill is Ruga in disguise

Governor Samuel Ortom of Benue State has described the National Water Resources Bill as another Ruga aimed at creating grazing areas for herdsmen along shorelines.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

NNPC: NPDC largest producer of gas in Nigeria

Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing One billion standard cubic feet of gas per day (1bscfg/d) to the domestic market for power generation.
The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria (Offshore East).

Richard Laing named new ExxonMobil Nigeria chief

The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria (Offshore East).

Stakeholders advocate efficient fiscal policy for oil, gas sector

Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and infrastructure development in the country.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC announces top-management level appointments, redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration.
Nigerian National Petroleum Corporation (NNPC)

Nigeria loses $48 million to oil theft between January to June

This was revealed by the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who spoke in Abuja, saying the Federal Government requires $2billion to replace obsolete pipelines from Excravos to Kaduna.

Recent Stories

The Inspector General of Police, Mr. Mohammed Adamu, has urged officers and men of the Force to use their firearms for self-defence, not to kill.

#EndSARS: IGP orders probe of suit challenging legality of states’ judicial panel of inquiry

The Inspector General of Police, Muhammad Adamu, has ordered investigations into a purported lawsuit challenging the legality of the States Judicial Panel of Inquiry probing alleged brutalities of the disbanded Special Anti-Robbery Squad (SARS).
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years.

Customs officer missing, patrol vehicle vandalised in clash with smugglers

An officer of the Nigeria Customs Service, Ogun 1 Area Command, has been declared missing as operatives of the command clashed with suspected smugglers along Olorunlere Village, near Alapoti town in Ado-Odo/Ota Local Government Area of Ogun State.
Super Eagles goalkeeper Maduka Okoye was in goal for Sparta Rotterdam who thrashed ADO Den Haag 6-0 in the Eredivisie on Sunday.

Maduka Okoye targets third clean sheet in five league games for Sparta

Maduka Okoye will be looking to keep a third clean sheet in his fifth Dutch Eredivisie game of the season tonight when Sparta Rotterdam host FC Emmen at the Sparta Stadion.
Tottenham boss Jose Mourinho has no intention of retiring as a coach any time soon, with the Portuguese tactician stating that he could have 10 to 15 years left in his career.

Jose Mourinho: I could coach for another 10-15 years

One of the most successful and respected trainers in the game, Mourinho has won trophies in every country he has worked and could be forgiven for a loss of motivation after amassing such an impressive haul of silverware.
The Commissioner of Police, Lagos State, CP Hakeem Odumosu, made the declaration on Thursday while deliberating on the strategies put in place with the election monitoring officers deployed from the Force Headquarters, Abuja, to assist and monitor the elections in Lagos State.

Lagos bye-elections: Police orders restriction of movement

In a bid to have free, fair and credible bye-elections into the Lagos East Senatorial and Kosofe 11 Constituency, Lagos State House of Assembly seats, the Lagos State Police Command has declared restriction of movement between 6 am and 6 pm on Saturday, December 5 2020.